Ontario · CCAA
Final HWT Distribution
Application / notice of application · 23 November 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Total interim distributions approved with respect to Participating Benefits other than Pensioner Life represent 35% of the value of the benefits calculated in accordance with the HWT Allocation Methodology. · pct of: unstated · outcome: distribution · pct low: 35 · pct high: 35 · class key: unsecured · stated by: monitor · cumulative: true · class label: Participating Benefits (other than Pensioner Life) · interim final: interim · claims qualifier: unstated; basis: actual · quote: Distributions in respect of Pensioner Life represent 20% of the value calculated in accordance with the Compensation Claims Methodology pursuant to the Fifth Interim Distribution Order dated November 7, 2011. · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: monitor · cumulative: false · class label: Pensioner Life · interim final: interim · claims qualifier: unstated; basis: actual · quote: The HWT Declared Distribution Order brought the cumulative interim distributions with respect to Participating Benefits to 38% of the value of the benefits calculated in accordance with the HWT Allocation Methodology. · pct of: unstated · outcome: distribution · pct low: 38 · pct high: 38 · class key: unsecured · stated by: monitor · cumulative: true · class label: Participating Benefits · interim final: interim · claims qualifier: unstated; basis: actual · quote: The distribution on account of Pensioner Life is 31.2% after the Declared Distribution and 32.428% after the 2019 HWT Distribution, the respective rates being before the effect of Pensioner Life premiums. · pct of: unstated · outcome: distribution · pct low: 31.2 · pct high: 31.2 · class key: unsecured · stated by: monitor · class label: Pensioner Life · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The distribution on account of Pensioner Life is 31.2% after the Declared Distribution and 32.428% after the 2019 HWT Distribution, the respective rates being before the effect of Pensioner Life premiums. · pct of: unstated · outcome: distribution · pct low: 32.428 · pct high: 32.428 · class key: unsecured · stated by: monitor · class label: Pensioner Life · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Residual Assets, primarily comprised of released reserve amounts, including the residual Stale-Dated Cheque Reserve (Non-Creditor Payees) and recoveries of alternative minimum tax, were substantially distributed as part of the HWT distribution in late 2019 (the ' 2019 HWT Distribution '), further increasing the HWT distributions by 1.228% and bringing the cumulative distributions to 39.228% with respect to Participating Benefits. · pct of: unstated · outcome: distribution · pct low: 39.228 · pct high: 39.228 · class key: unsecured · stated by: monitor · cumulative: true · class label: Participating Benefits · interim final: unstated · claims qualifier: unstated · stated on: 2020-11-16 · table missing: